BGF commits an additional £4.6 million to Recite Me, aiming to bolster its international growth.
- Recite Me, a Gateshead-based company, focuses on improving online accessibility for diverse user groups.
- In the past year, Recite Me’s technology has aided over 7 million users across Europe, the US, and Australia.
- BGF’s total investment in Recite Me now amounts to £8.8 million, underscoring a robust growth phase.
- The follow-on funding will enhance Recite Me’s technological development and market positioning.
BGF, a leading growth capital investor in the UK and Ireland, has extended its financial commitment to Recite Me by £4.6 million. This additional funding aims to support Recite Me’s ambitious plans for international expansion and its goal to enhance its product suite, positioning itself as a comprehensive online accessibility service provider.
Recite Me, headquartered in Gateshead, has been at the forefront of developing assistive technology that dismantles barriers for individuals with disabilities, visual impairments, learning difficulties, older adults, and non-native English speakers. Their innovative tools have made online content more accessible, benefiting millions globally.
CEO Ross Linnett commented on the investment, stating, “This marks a significant step forward in our growth ambitions and is another positive milestone on our investment journey with BGF.” He highlighted the impact of their technology, which has supported over 7 million users in regions including Europe, the United States, and Australia over the last year. Linnett expressed a strong desire to broaden this reach to help even more people worldwide.
The recent infusion of equity brings BGF’s total investment in Recite Me to £8.8 million, marking the beginning of an exciting phase of development for the company. This reinforcement by BGF is seen as a pivotal move to strengthen Recite Me’s hold in a market where 98% of websites still grapple with accessibility challenges.
John Healey, a BGF investor, has acknowledged the impressive reputation that Ross and his team have cultivated since 2012 in the UK. With vast potential in a market fraught with accessibility issues, the additional funding is expected to solidify Recite Me’s prominence and further enhance their advanced technological offerings that have profoundly impacted many lives across the globe.
This latest investment by BGF is poised to significantly boost Recite Me’s ability to enhance web accessibility worldwide.
